Sonae, SGPS, S.A. (OTCPK:SOSSF) This fall 2024 Earnings Convention Name March 20, 2025 11:00 AM ET
Firm Members
Joao Dolores – CFOFernando Van Zeller – CFO, MCCristina Novais – CFO, Brilliant Pixel
Convention Name Members
Joao Pinto – JB CapitalAntonio Seladas – AS ResearchJerome van der Bruggen – Degroof Petercam
Operator
Good afternoon, girls and gents. Welcome to Sonae’s 2024 Outcomes Presentation. Our host at present is Mr. Joao Dolores, Sonae’s CFO. This convention begins with a presentation adopted by Q&A. I’ll now move the decision on to Mr. Dolores. It’s possible you’ll begin, sir.
Joao Dolores
Thanks very a lot for the introduction. Good afternoon, everybody. Thanks for becoming a member of us for Sonae’s 2024 outcomes presentation. I am very completely happy to have you ever right here with us at present. As you will notice, we had nice outcomes final 12 months. Along with me as ordinary and moreover the investor relations workforce, I’ve Cristina Novais on my left, Miguel Moreira as effectively, Fernando Van Zelle on my right-hand aspect, and Paulo Simoes. As we speak, we’re making an attempt out a brand new format, a video one. I hope it really works effectively and that it helps additionally in conveying the primary messages that we’ve got to convey to you.
So, I am going to begin with briefly recalling the numerous strikes in our portfolio throughout 2024. As you understand, it was a fairly intense 12 months by way of funding. We invested over EUR1.1 billion in M&A efforts, and there are two transactions specifically which I want to spotlight, given the significance that they’ve for the group. So, in March, as you understand, we efficiently constructed a number one place, a majority place, in Musti, a reference pet care retailer within the Nordics by a public tender provide. Sonaei at present owns simply over 80% of the corporate and we see Musti as a promising platform for progress within the European pet care panorama.
